Lucapa Diamond Company (LOM) has sold a batch of diamonds produced at the Lulo alluvial mine in Angola for approximately US $8m. In its first sale of the year, Lucapa and its partners, Empresa Nacional de Diamantes E.P. and Rosas & Petalas sold the rough diamond parcel of 4273 carats by Sociedade Mineria Do Lulo for US$5.9m per carat.
Lucapa is a diamond producer with mines in Angola and Lesotho. The Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho both produce diamonds, with more than 75 per cent of revenues generated from the recovery of stones with more than 4.8 carats.
Lulo has produced 18 diamonds of more than 100 carats to date and is one of the highest average US dollar per carat alluvial diamond producers in the world.The mining company’s Managing Director Stephen Wetherall said that prices achieved by SML at this sale continued to reflect the positive industry mood, and with sales from both operations in 2021 already totalling A$15m, it has been a solid start to the year-as with the first sale of Mothae diamonds earlier on this year.
Lucapa Diamond Company Ltd is a growing global producer of high-value diamonds from the Lulo alluvial mine (Angola) and Mothae kimberlite mine (Lesotho). Lucapa is also achieving encouraging exploration results from its search to discover the primary kimberlite source of the exceptional alluvial production from Lulo.
